As global stock markets plunge worldwide, searches for โsell my stockโ increased by 171% on April 7 and are on track to reach their highest volume in internet history.
Digital marketing experts at SEOProfy.com warn of online scams and recommend the best trading apps to rely on โ and the ones to avoid.
Global searches for โSell my stockโ are projected to exceed the previous historic record from the end of January 2021.
Upon analyzing reviews of 23 popular trading apps available via the Apple App Store, the researchers ranked them based on how often 16 favorable and 22 negative terms are used. Apps with less than 100 reviews were excluded, as were those with less than ten positive or negative terms used.
FBS ranked as the best trading app. Across 2,003 reviews, there were 97 instances when users described the app in positive terms, such as โintuitiveโ (24), โuser-friendlyโ (21), and โsecureโ (15).
TD Ameritrade is the second-best app for trading, based on an evaluation of its 1,868 reviews. Users described it positively 427 times versus 233 instances with negative connotations. The most frequent terms people use when reviewing TD Ameritrade are: โeasy to useโ (145), โuser-friendlyโ (101), โusefulโ (55), and โintuitiveโ (53). Among negative terms, the most mentioned ones are โbugโ (47), โcrashโ (45), and โslowโ (33).
Plus500 is the third-best trading app on the Apple Store. Standing the test of time with nearly 10,000 reviews, the researchers discovered that users largely praise it for being โeasy to useโ, mentioned 326 times.
Surprisingly, eToro ranked last among the 12 shortlisted apps. Though it has the second highest number of reviews (4,060) of all the evaluated apps, some negative terms used to describe it were especially concerning, such as โcrashโ (82), โbugโ (66), โslowโ (43), and โlagโ (42) and โcanโt withdrawโ (10).
โDubbed the Black Monday of stock markets, April 7 is when the immediate reaction of casual forex enthusiasts was to either sell everything or buy at historic lows,โ said Victor Karpenko, CEO of SEOProfy.com. โWhatever your purpose, the top trading apps we identified will be a better starting point than potential scams going around right now, capitalizing on panic-sellers and profit seekers.
โWe urge everyone to avoid clicking on any stock-related ads they see on social media this week and, instead, go through verified channels โ like the apps we found to be best for trading โ to double-check that the information is actually true.โ
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